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Author Topic: Promising altcoins?  (Read 2108 times)
Wolyusi (OP)
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May 02, 2023, 07:21:59 AM
 #1

 Ethereum (ETH),Binance Coin (BNB),XRP (XRP). how to choose how to distribute the interest on them?
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May 02, 2023, 07:58:23 AM
 #2

Ethereum (ETH),Binance Coin (BNB),XRP (XRP). how to choose
You've just mentioned some of the most known altcoins in the market. Choose any of them except XRP since it's got an active issue against SEC so, I wouldn't get my hands on it.

how to distribute the interest on them?
If you mean by interest in how you're going to like them. You DYOR and that's how you'll gain interest on them. Because without such and you're just randomly buying them, you'll have no idea of what you're doing. It can also be said by buying these, you don't get an exception just because they're the popular altcoins in the market. And another understanding from this question is how you'll distribute your allocation on them, it's up to you.

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May 02, 2023, 09:06:35 AM
 #3

Ethereum (ETH),Binance Coin (BNB),XRP (XRP). how to choose how to distribute the interest on them?

If you ask 10 persons in here in which coins you should invest, then you will probably get 10 different answers, because everyone has their personal favorites. As the poster above me already said though, a lot of people are kinda skeptical about XRP. First of all they are basically fully centralized, which stand against the true purpose of cryptocurrencies and then there also is that SEC issue.
I personally think, that you can also look a little further down the coinmarketcap ranking to find good altcoin projects that are already very big and therefore pretty safe to invest but at the same time still have a little more room to grow than the projects that you have listed above. I personally like Cosmos for example, but as always DYOR.
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May 02, 2023, 09:17:57 AM
 #4

Ethereum (ETH),Binance Coin (BNB),XRP (XRP). how to choose how to distribute the interest on them?
I would agree for BNB and ETH but not XRP.
Even though in this case their prospects are still quite good, their ongoing problems with the SEC continue to bother them.
Indeed, previously I was also in favor of this coin but for the past few years I have stopped especially by seeing their unresolved problems which made me lose a little bit of the positives from them.

I'm not going to suggest anything but if it's still possible while I have time I think it would be better to get the assets out of there and move on to something more certain.

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May 02, 2023, 09:23:46 AM
 #5

Ethereum (ETH),Binance Coin (BNB),XRP (XRP). how to choose how to distribute the interest on them?
Fundamentally, the three altcoins that you mentioned, of course, cannot be doubted,
because indeed these three coins are very good for investment in the crypto world, especially for BNB,
yes one of the top altcoins which in my opinion are still very undervalued and most likely in the future BNB will become like Ethereum.

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May 02, 2023, 09:25:12 AM
 #6

First of all they are basically fully centralized, which stand against the true purpose of cryptocurrencies
I don't want to defend XRP here, but....

What's the true purpose of cryptocurrency? there's no such standard, as long as it's a digital/virtual currency that using cryptography to make it secure, it will be said as a cryptocurrency.

Any cryptocurrency don't need to be decentralized like Bitcoin, it's no need to have a high volatility like Bitcoin, it don't need to be transparent like Bitcoin. It don't need to be same like any existing currency, if it's same, what's the reason to create it?

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May 02, 2023, 10:34:03 AM
 #7

Unfortunately, we can all write here what we want, but in reality, you have to do your own research and decide. For example, I take into account not only the technical aspect, but also the risks in relation to the possible profit, the social aspect, etc.
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May 02, 2023, 11:39:58 AM
 #8

That's a tought question, tbh I think you should think about it yourself. Are you considering holding only altcoins, or do you have BTC too? And I wouldn't call them "promising", they are big, old and well-known. BTW, I think XRP is not worth purchasing, but that's just my opinion.
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May 02, 2023, 12:41:44 PM
 #9

Ethereum (ETH),Binance Coin (BNB),XRP (XRP). how to choose how to distribute the interest on them?

None. There are 23 000 projects listed on coinmarketcap. 22 950 will die sooner or later. Most of them are made just to die after taking money from investors. No matter if you are pro or newbie ... there are too many inestimable risks because everything you see can be faked. And even the quantifiable risks far outweigh the additional returns compared to investing in bitcoin. Just buy BTC and hodl.
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May 02, 2023, 12:45:42 PM
 #10

First of all they are basically fully centralized, which stand against the true purpose of cryptocurrencies
I don't want to defend XRP here, but....

What's the true purpose of cryptocurrency? there's no such standard, as long as it's a digital/virtual currency that using cryptography to make it secure, it will be said as a cryptocurrency.

Any cryptocurrency don't need to be decentralized like Bitcoin, it's no need to have a high volatility like Bitcoin, it don't need to be transparent like Bitcoin. It don't need to be same like any existing currency, if it's same, what's the reason to create it?
I'm surprised that you don't put decentralization at the heart of cryptocurrency. Yes, cryptocurrency has crypto-based encryption at its core, but the original idea of cryptocurrency was that you don't need to trust your money to a third party. And the centralized system is in fact a third party. So you're wrong to say that cryptocurrency shouldn't have decentralization.

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May 02, 2023, 01:54:22 PM
 #11

if you think all those coins you mentioned are worthy of your investments and make you interested then simply diversify, the thing with investing in coins with good market capitalization is that you only need diversification of your investments to get most of benefits.

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May 02, 2023, 03:11:53 PM
 #12

How long is this portfolio for? If it is for a very long period, XRP is obviously superfluous there. Given the initial data, I would invest most of my portfolio in ETH, it has more growth potential than BNB. If you haven't already bought these assets, now might not be the best time to buy. The market is overbought, now there might be a lull and an expected big correction as everything has been rising for 4 months.

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May 02, 2023, 03:20:55 PM
 #13

Depends. BNB is my favorite when it comes to playing buy and sell in a short amount of time. It moves in $10-15 per week so there's always room for profits if you don't like holding for a long time. Ethereum on the other hand is a good coin to keep. Yeah, it is also moving quite a lot recently but it will be difficult to come back if it continues to go up. Waiting for the dump session could be longer than how it is with BNB.

I don't XRP anymore. I stopped using it and buying it for a long time. The SEC issue had a lot to do about that. Trust issues. It's not like it's a bad coin but there's just no assurance anymore. It could become dust if it goes wrong or it could be profitable if they win their case since many investors will probably FOMO. It's always your choice at the end of the day.

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May 02, 2023, 03:52:28 PM
 #14

Ethereum (ETH),Binance Coin (BNB),XRP (XRP). how to choose how to distribute the interest on them?

I still don't understand what you mean. Which coin is better to invest in? that's what you mean???

I think ETH, BNB, and XRP are bluechip altcoins. All three are good for long term investment. All three have strong fundamentals. Without further ado, the three coins have a good track record and are able to provide multiple benefits.

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May 02, 2023, 04:11:01 PM
 #15

Ethereum (ETH),Binance Coin (BNB),XRP (XRP). how to choose how to distribute the interest on them?
Fundamentally, the three altcoins that you mentioned, of course, cannot be doubted,
because indeed these three coins are very good for investment in the crypto world, especially for BNB,
yes one of the top altcoins which in my opinion are still very undervalued and most likely in the future BNB will become like Ethereum.

Yes, so far we tend to choose Ethereum ( ETH ) and also Binance Coin ( BNB ) to choose the top Altcoin for now, and this depends on each person's perspective of course, but for XRP maybe we don't know too much about it because our Ethereum and BNB greater sense of popularity as well as the appeal of people of course,

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woez
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May 02, 2023, 04:27:48 PM
 #16

Ethereum (ETH),Binance Coin (BNB),XRP (XRP). how to choose how to distribute the interest on them?

The Four (4) are as promising in my opinion as Ethereum, Binance Coin, and XRP although that individual perspectives and investment strategies may differ.

Yes, so far we tend to choose Ethereum ( ETH ) and also Binance Coin ( BNB ) to choose the top Altcoin for now, and this depends on each person's perspective of course, but for XRP maybe we don't know too much about it because our Ethereum and BNB greater sense of popularity as well as the appeal of people of course,

The most valid point about the popularity of Ethereum and Binance Coin among investors and if we go in and see the cryptocurrency market is constantly evolving and changing a lot of new Altcoins and projects are popping up all the time, and investors are open to new opportunities and possibilities.

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May 02, 2023, 04:37:24 PM
 #17

Ethereum (ETH),Binance Coin (BNB),XRP (XRP). how to choose how to distribute the interest on them?
If you are looking at the long term picture then all of them can grow and "promise" you great returns if other factors remain normal, meaning no hacks happening or government crackdowns or disasters.

But this is a personal choice, if someone likes a project's vision and their approach, they might think the same to be promising. This will and there is no hard and fast rule to this. I still suggest a 2year minimum watching period before investing in anything newly launched.

While the XRP is a less interesting option considering their friction in the community or SEC, other two seen safe to invest in.

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May 03, 2023, 05:05:11 PM
 #18

Ethereum (ETH),Binance Coin (BNB),XRP (XRP). how to choose how to distribute the interest on them?
If you are looking at the long term picture then all of them can grow and "promise" you great returns if other factors remain normal, meaning no hacks happening or government crackdowns or disasters.

But this is a personal choice, if someone likes a project's vision and their approach, they might think the same to be promising. This will and there is no hard and fast rule to this. I still suggest a 2year minimum watching period before investing in anything newly launched.

While the XRP is a less interesting option considering their friction in the community or SEC, other two seen safe to invest in.
I think XRP definitely shouldn't be considered, it is as terrible as it gets when we are talking about problems they are facing, not technically speaking or anything like that, if they had none of those legal issues then I would say it is not terrible, but I would still not prefer it, but I wouldn't say anyone else to say anything about it.

But when we are talking about a situation like this, it means that XRP is facing legal trouble that prevents anyone from buying it, or at least it should. ETH and BNB on the other has nothing like that, well I wouldn't say nothing, BNB could be hurt by SEC attacking binance.us as well, not directly, and won't really change much, but at least there is a tiny small chance, a lot less than XRP though, and ETH has no problems at all.

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May 04, 2023, 12:47:40 PM
 #19

I'm surprised that you don't put decentralization at the heart of cryptocurrency. Yes, cryptocurrency has crypto-based encryption at its core, but the original idea of cryptocurrency was that you don't need to trust your money to a third party. And the centralized system is in fact a third party. So you're wrong to say that cryptocurrency shouldn't have decentralization.
If decentralization is the heart of cryptocurrency, the coins listed on CMC or Coingecko might be around 10-50, not 2K. Because 95% coins are centralized and it shouldn't be included as a cryptocurrency, then why it's included?

I don't see any other trusted decentralized coins except Bitcoin, Monero, Litecoin and DAI. There's a decentralized coins, but the marketcap is small and has higher chance to suffer 51% attack.

I'm not saying centralized coins is good, but I just want to be fair.

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May 04, 2023, 01:04:12 PM
 #20

Ethereum (ETH),Binance Coin (BNB),XRP (XRP). how to choose how to distribute the interest on them?
These crypto already have a significant market value and a percentage of cryptocurrency market, so it is rare for the movement of violating the market to marry the market, and given that the bitcoin is the leader of the market direction, these currencies will follow the price of bitcoin in most cases unless there is a change that leads to this.

So if the option was counted between these three currencies in ETHEREUM (ETH) is the only one that deserves to be investigated in the long run.
You can invest in Binance Coin (BNB) when there is news taught in the platform because this coin is a reflection of Binance performance.

XRP (XRP) is not a long -term investment project, you can just buy it for low withdrawal prices for all platforms[1].


[1] https://withdrawalfees.com/coins/ripple
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